Please look at the time stamp on the story to see when it was last updated. Justice Department, would create the largest movie theater chain in the United States, with 8,380 screens across 600 locations in 45 states.Ĭarmike operates the Carmike Wynnsong 12 on Edgewood Road SW in Cedar Rapids.This is an archived article and the information in the article may be outdated. The deal, which must be approved by Carmike shareholders and the U.S. The merger of Marcus and Wehrenberg comes at a time when AMC Entertainment is waiting for approval to acquire Carmike Cinemas of Columbus, Ga., for $1.2 billion. Marcus Theatres also will acquire the underlying real estate for six of the locations. Louis area one each in Cedar Rapids Cape Girardeau and Lake Ozark, Mo. The 14 Wehrenberg Theatres locations include nine in the greater St. The chain was founded by Fred Wehrenberg in 1906 in a storefront on Cherokee Street in south St. Krueger, who inherited Wehrenberg Theatres in 1963 when he was 22, operated the chain with his wife, Midge, for many years. Ronald Krueger, 75, the third generation of his family to serve as president and CEO of Wehrenberg Theatres, died in October 2015. 'We anticipate a smooth integration of Wehrenberg Theatres into our circuit and expect the acquisition will be accretive to both earnings and cash flow.”
'Acquisitions are an important component of our growth strategy and we are pleased to add the Wehrenberg Theatres locations to our circuit,” Gregory Marcus, president and CEO of the Marcus Corp., owner of Marcus Theatres, said in the news release. The companies expect to complete the deal next month, subject to customary closing conditions, consents and approvals.
In a news release announcing the proposed acquisition, Marcus said it will retain the Wehrenberg name on the acquired theaters.
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